Strateco Resources Inc.

Strateco Resources Inc.

April 15, 2014 16:05 ET

Strateco: Delisting Review (TSX)

BOUCHERVILLE, QUEBEC--(Marketwired - April 15, 2014) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) announced today that the Toronto Stock Exchange ("TSX") has extended its review of the eligibility of the Company's common shares for continued listing for a period of 30 days.

Note that the TSX has been reviewing the eligibility of Strateco's common shares for listing under the continued listing requirements since December 17, 2013. Under the remedial review process, Strateco had 120 days in which to regain compliance with the financial requirements for continued listing, and now has an additional 30 days to do so.

Strateco intends to use the additional time to demonstrate that it has restored its financial health sufficiently to warrant the continued listing of its shares, which have traded on the TSX since June 2007.

In the event that it could not meet the TSX financial requirements, Strateco will consider listing its shares on another trading platform to ensure ongoing trading in the shares.

This news release contains "forward-looking statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in Strateco's annual information form filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.

Contact Information

    Guy Hebert
    President and Chief Executive Officer
    450.641.0775 or 1.866.774.7722
    450.641.1601 (FAX)

    Jean-Pierre Lachance
    Executive and Exploration Vice President
    450.641.0775 or 1.866.774.7722
    450.641.1601 (FAX)